OLD National Bancorp IN Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

OLD National Bancorp IN lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208 shares of the specialty retailer’s stock after selling 138 shares during the period. OLD National Bancorp IN’s holdings in O’Reilly Automotive were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after buying an additional 75,837 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of O’Reilly Automotive by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after purchasing an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after purchasing an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of O’Reilly Automotive by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after purchasing an additional 24,767 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ORLY. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. Truist Financial increased their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. Royal Bank of Canada decreased their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last ninety days. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,199.25 on Thursday. The business’s 50-day moving average is $1,147.32 and its two-hundred day moving average is $1,080.64. The company has a market capitalization of $70.63 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.30 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business earned $10.22 earnings per share. O’Reilly Automotive’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that O’Reilly Automotive, Inc. will post 41.06 EPS for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.